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Showing 11 - 20 of 80 results for "WTI"

Oil to make strong recovery: State Street

ELIZA BAVIN  |  TUESDAY, 19 MAY 2020
... in oil markets as more people around the world use their cars more over public transport. "Whilst West Texas Intermediate (WTI) crude oil prices turned negative last month, the oil market appears much calmer as the June contract approaches," Jones said. ...

Chief economist update: Easing restrictions narrow oil demand-supply equation

BENJAMIN ONG  |  MONDAY, 18 MAY 2020
... producers were practically paying buyers to come and take their stocks off them. This was on April 20, one day before the WTI oil futures contracts for May delivery dropped to minus US$36.98 per barrel. The price of Brent oil remained positive but still ...

Future Fund not buying the oil dip

KANIKA SOOD  |  THURSDAY, 30 APR 2020
... but Australia's $162 billion sovereign wealth fund says it has no plans to buy the dip. Last Monday, immediate contracts for WTI crude fell into the negative territory. The drop prompted the US government to stockpile 75 million barrels. The Australian ...

Aussie ETF investors got oil bets wrong before crash

KANIKA SOOD  |  THURSDAY, 23 APR 2020
... Australians last week poured $35 million in the country's only ETF tracking crude oil futures, and were stung hard when WTI May contracts slipped into negative territory in Monday's trading. BetaShares Crude Oil Index ETF (OOO) tracks an index ...

Global stocks plunge as COVID-19 fear accelerates, oil crashes

ALLY SELBY  |  TUESDAY, 10 MAR 2020
... greater market share, slashing oil prices to US$4-7 a barrel and reportedly lifting production. The US West Texas Intermediate (WTI) crude and global Brent Crude benchmark slid 24.59% and 24.1%, respectively on Monday. Currently, WTI is trading up 8% ...

Chief economist update: Coronavirus infects oil market

BENJAMIN ONG  |  TUESDAY, 4 FEB 2020
... bull market in crude oil into a bear. Crude oil prices sank by more than 10% (the technical definition of a bear market) - WTI oil down 15.6%; Brent oil down 16.4% -- at the end of January 2020. To be sure, the oil market has turned from bull to bear ...

Chief economist update: The rise and fall of oil

BENJAMIN ONG  |  THURSDAY, 9 JAN 2020
... -- the head of Iran's elite Quds military force. The price of Brent oil went up by 3.6% to US$68.60/barrel on the day; WTI oil prices increased by 3.1% to US$63.05; and continued to rise after Iran launched ballistic missiles against US forces in ...

Chief economist update: Oil's well that ends 2019 well

BENJAMIN ONG  |  WEDNESDAY, 18 DEC 2019
It may not seem like it, but crude oil prices appear on track to finish 2019 around 30% higher. This year to date, WTI oil has risen by 33.4% to US$60.21 per barrel while the price of Brent oil has rallied by 29.2%. To be sure, new production cuts that ...

Chief economist update: Oil to slide into 2020

BENJAMIN ONG  |  THURSDAY, 24 OCT 2019
... and West Texas Intermediate crude oil". I don't have data for Dubai Fateh but this year to date, the average price of WTI and Brent oil is US$60.50 - still within the realms of the IMF forecast - suggesting that the deepening slowdown in global oil ...

Chief economist update: Plenty of oil

BENJAMIN ONG  |  WEDNESDAY, 18 SEP 2019
... attack on September 14 on Saudi Arabia's Abqaiq oil-processing plant (estimated to produce around 5% of global oil supply). WTI and Brent crude oil prices jumped by 14.6%, to US$62.88 per barrel and US$69.03/barrel, on the first day of trading after ...